Sell EUR/USD Simple TA and Signal
June 15, 2010 by Orhan H.
Filed under FX Superb Signal, Technical Analysis
Sell EUR/USD Simple TA and Signal
Comments
7 Responses to “Sell EUR/USD Simple TA and Signal”Add Your Comment
Tell me what you're thinking...Pivot Points
Is it the time?
I expected it yesterday and it all looked it topped after Moody’s Greece downgrade but it rebounded early Europe morning…
Anyway, I’m waiting to sell. And more over, I’m waiting for true sell off…
ALX
to early orhan
wait for the 12350 with candlestick confirmation for a short
I post this signals just to inform readers about possible trend reversal, stop is comfortable. If price reach 12350 I will open one more sell pos…
It’s difficult to explain everything in one post and sent signal – I don’t have time. This kind of signals should help traders to find the best setups with their own strategy.
No problem Orhan.
I understand the principles.
Just curious if you feel comfortable to pull the trigger
I’ve been waiting for more than five days for this rebound to complete.
However my targets are rather wide – I aim at 1.1850 at least.
Your signal is about something completely different.
So maybe my question is not suitable.
It should rather read: “is it the time to sell it against 1.1850?”
My beacons show the pair is extremely overbought in terms of daily and H4…
But still no sign of top. However expected pullback should make at least your TP1. 1.226 seems to be easy target as well..
ALX
“It should rather read: “is it the time to sell it against 1.1850?”
The answer is I don’t know
I like to profit 20-100 pips from my trades, 1.1850 is too much waiting for me. In case that my target is 1.1850 I would make more complex TA, wait for some candlesticks patterns conformation, watch price action, check more time frames, use higher stops, three TP etc. but that is not my trading style.
I’m trying to find support and resistance areas based on my important areas post:
http://www.fxsuperb.com/important-areas-on-forex-market/
When I draw my simple TA, I can find possible support and resistance, if price reach that levels I open my trades, I try to close small profit with TP1 or second trade in the first place. Then I move my stops and enjoy in TP2 “race”.
Few hours ago I sell at 1.2345 second time. Profit 20 pips, so now I can just watch first setup (my signal).
Important areas is really great TA, this kind of TA gives me highly accurate signals, so I don’t need to think about other levels, just find level witch is closes to price, wait and trad it.
Maybe it’s time to forget about extraordinary profits?
Two-three weeks ago 200-400 pips was just a matter of a day or two.
But this doesn’t happen too often. Neither lasts too long.
Maybe it’s time to get back to “normal”?
Summertime is close… going down to 1.185 may take quite a long time…
Anyway took it at 1.2342
The market is really overbought. At least for the next few hours.
ALX
nice trade Orhan 12260/80 was a good target